WEBVTT HELENA: RIGHT NOW, WE ARE INFRONT OF THE MACY'S DEPARTMENTSTORE THAT HAS BEEN INBURLINGTON, EMPLOYING MANY INTHE COMMUNITY, FOR A NUMBER OFYEARS.TODAY I SPOKE TO SHOPPERS WHOARE ACTUALLY VERY SURPRISEDABOUT THE NEWS THAT IT ISCLOSING AFTER SO MANY YEARS INBUSINESS.DOWNTOWN BURLINGTON'S LARGESTFULL-SERVICE DEPARTMENT STORECLOSING ITS DOORS FOR GOOD AFTERMORE THAN 10 YEARS IN BUSINESS. >> I WAS FLABBERGASTED.HELENA: ON WEDNESDAY, MANAGERSAT MACY'S TOLD EMPLOYEES THESTORE WILL CLOSE IN MARCH.SHOPPERS SAY THEY'RE SURPRISED,AND CONCERNED ABOUT ALL THEPEOPLE WHO WILL LOSE THEIR JOBS.KELLY DEVINE IS THE EXECUTIVEDIRECTOR FOR THE BURLINGTONBUSINESS ASSOCIATION.SHE CALLS THE MACY'S CLOSING ABIG LOSS FOR OUR REGION. >> IT'S OUR LARGEST SCALERETAILER.I KNOW THAT THIS STORE IS ANATTRACTOR FOR FOLKS COMING FROMSOUTHERN QUEBEC.HELENA: ESPECIALLY IN A CITYTHAT'S BEEN LOOKING TO CREATEMORE JOBS. >> WE HAVE A LOT OF JOBS IN THESERVICE SECTOR, BUT THERE AREMANAGEMENT JOBS AND OTHERSUPPORT JOBS THAT WILL BEUNFORTUNATE TO LOSE.HELENA: BUT SHE'S STILL HOPEFULTHAT SOMETHING NEW WILL COMETAKE ITS PLACE >> IT IS SAD THAT BURLINGTONWILL NOT BE ABLE TO OFFER MACY'SAS AN OPTION, AND WE WILL HAVETO OUT WHAT CAN REPLACE IT.HELENA: SOME LONGTIME SHOPPERSARE KEEPING A POSITIVE OUTLOOKTOO, ESPECIALLY FOR ALL THOSENOW ON THE JOB HUNT. >> WE ARE GOING TO WISH THEM ALLGOOD LUCK IN FINDING SOMETHING.HELENA: WE'VE REACHED OUT TOMANAGEMENT AT MACY'S.WEREN'T ABLE TO GIVE US TOO MUCHINFORMATION.WE ASKED HOW MANY EMPLOYEESWOULD LOSE THEIR JOBS AND WHERETHEY ARE GOING TO GO.THEY WERE NOT ABLE TO CONFIRMTHAT JUST YET, BUT THEY PROMISETHEY WILL SEND OUT MORE.

Macy's closing more stores, cuts 5,000 jobs

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Updated: 9:21 AM PST Jan 4, 2018

Retail giant Macy's will cut 5,000 jobs and close seven more stores in Florida, California, Indiana, Michigan, Ohio and Vermont. The moves are part of a plan announced in August 2016 to close 100 stores.

Altogether, Macy's has now revealed 81 of the 100 locations. The move is a part of the retailer’s plan to close 11 stores early this year, cut jobs and streamline non-store functions. That move could produce savings of about $300 million for the Cincinnati-based store.

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"While closing a store is always a difficult decision because of the impact on our customers, our associates and the community, Macy’s is delighted to have served this community over the years," said spokesperson Emily Hawkins. "We deeply appreciate the loyalty of our customers and associates, and look forward to continuing to serve our customers at macys.com and on the Macy's app."

Below is a list of store closures:

Laguna Hills Mall, Laguna Hills, California

Westside Pavilion, Los Angeles, California

Novato (Furniture Gallery), Novato, California

Stonestown Galleria, San Francisco, California

The Oaks, Gainesville, Florida

Miami (Downtown), Miami, Florida

Magic Valley Mall, Twin Falls, Idaho

Honey Creek Mall, Terre Haute, Indiana

Birchwood Mall, Fort Gratiot Township, Michigan

Fountain Place, Cincinnati, Ohio

Burlington Town Center, Burlington, Vermont

Macy's is one of many traditional retail chains struggling for stability amid stiff competition from alternative retail chains and online retailers. While it enjoyed a sales growth over the holiday season, the improvement wasn’t enough to offset a tough year.

The department store said Thursday sales at established stores rose 1 percent in the November-December period. It now expects that figure to decline between 2.4 percent and 2.7 percent for the year. Total revenue is forecast to decline 3.6 percent to 3.9 percent compared to a year earlier.